According to the current analysis
of Reports and Data, the global eClinical
Solutions market was valued at USD 4,267.6 Million in 2018 and is
expected to reach USD 12,329.2 Million by the year 2026, at a CAGR of 13.9%
from 2019-2026.
Clinical trials are the most
time-consuming phase of drug development. The increasing demand for clinical
trials by pharmaceutical giants and biotech companies propels the eClinical
Solutions market growth. eClinical Solutions provide administrations to an
enormous client base at a low working expense. Additionally, they help with
tracking of information from different geographic areas, arranging, and
execution of this information and drive the procedure of clinical advancement.
E-clinical solutions are advantageous to reduce the time spent on assembling
and analyzing data in clinical trials
Rise in appropriation of software
solutions in eClinical research in trials offer various potential in clinical
development processes. It can help in lowering the cost and reducing the time
between development phase by identification of failing compounds. Moreover, it
also offers data standardization and fast retrieval of data, which is
beneficial in making quick decisions at every stage of development.
Key market players in the
eClinical Solutions market are adopting strategies such as product development,
partnerships, mergers, and acquisitions to maintain their position in the
market. For instance, Oracle solutions offer eClinical software as a service
platform solution for core administrations. In 2018, Medidata and eClinical
Solutions LLC expanded their technology partnership to improve clinical trial
processes.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- CDMS led the product segment in 2018 with 27%
eClinical solutions market share owing to various benefits provided by the
product such as end-to-end management of various databases, clinical trial
activities and real-time status tracking, which in total improves the
general effectiveness of clinical trials.
- eClinical Solution system, especially, the
Cloud-based delivery system is expected to grow at the CAGR of 14.8% owing
to ease of integration and rapid deployment.
- Increasing clinical research in developing countries
such as India, Bangladesh is expected to support the growth of eClinical
Solutions market during the forecast years.
- Increasing Research and development by
pharmaceuticals and biotechnology companies, resulting in the launch of
new products are some of the factors that support the eClinical solutions
market growth during forecast years. For Instance, in 2018, Oracle a new
holistic, unified cloud-based eClinical solution, Clinical One Platform
with the intention of launching new drugs in the market with a focus on
quality and safety.
- Key participants in the eClinical solutions market
include Oracle Corporation, Medidata Solutions, PAREXEL International
Corporation, BioClinica, CRF Health, DATATRAK International, ERT,
eClinical Solutions
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For the purpose of this report,
Reports and Data has segmented the eClinical solutions market on the basis of
product, development phase, mode of delivery, end use, and region:
Product (Revenue, USD Million;
2016–2026)
- Electronic Clinical Outcome Assessment (ECOA)
- Electronic Data Capture (EDC) & Clinical Data
Management Systems (CDMS)
- Clinical Analytics Platforms
- Clinical Data Integration Platforms
- Safety Solutions
- Clinical Trial Management Systems (CTMS)
- Randomization and Trial Supply Management (RTSM)
- Electronic Trial Master File (eTMF)
Development Phase (Revenue,
USD Million; 2016–2026)
- Phase I
- Phase II
- Phase III
- Phase IV
Mode of Delivery (Revenue, USD
Million; 2016–2026)
- Web Hosted
- Licensed Enterprise
- Cloud-based
End Use (Revenue, USD Million;
2016–2026)
- Hospitals
- Contract Research Organizations (CROs)
- Academic Institutes
- Pharmaceuticals & Biotech Organizations
- Medical Device Manufacturers
Regional Outlook (Revenue in
USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Qatar
- Latin America
- Brazil
- Argentina
- Chile
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